Baltic index ekes out weekly gain as smaller vessel rates rise

The Baltic Exchange’s dry bulk sea freight index gained on Friday to squeeze out a second weekly increase, as higher rates for smaller vessels countered weakness in the capesize segment. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 19 points, or 1.3%, to 1,518. It rose 1% …

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